Hathaway Creative Center
10 Water St,
Waterville, ME 04901
Studio | $1,725 - $1,950
Rental Market Trends in Waterville, ME
What is the average rent in Waterville, ME?
$1,124/month
Average Rent
689 Sq Ft
Average Apartment Size
+0.3%
Increase in the Last Year
As of December 2024, the average rent in Waterville, ME is $1,124 per month. This is 28% lower than the national average rent of $1,560/month, making renting in Waterville more affordable than most cities in the US. When you rent an apartment in Waterville, you can expect to pay about $1,036 per month for a studio, $1,124 for a one-bedroom apartment, and around $1,386 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,397 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waterville, ME?
In the past year, rent has increased by 0.3%, which averages out to $4 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Waterville, ME
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
20%
$700 - $1,000/month
60%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Waterville, ME?
Because the average rent in Waterville is $1,124, you’ll want to make about $3,746 per month or $44,952 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Waterville, ME compare to other nearby cities and neighborhoods?
Use the tool below to compare Waterville, ME to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Waterville we think you'll love
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.